Property investors enjoyed capital gains of 16.64% over the last 12 months in DIAMOND CREEK, translating to lower returns compared with its peers in VIC.
Figures from the previous quarter show that capital gains for real estate buyers in DIAMOND CREEK are low, as opposed to average gains per annum over the past five years.
The suburb posted a 42.73% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $450 based on current median home prices for the suburb.
On average, rents on listings have reached the $450 mark, reflecting a 2.98% increase in returns based on the current median price in DIAMOND CREEK.
DIAMOND CREEK, 3089 ranks 209th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 345th on the list of best yielding suburbs for rental properties in VIC, posting a 2.98% return.
Property investors have seen a 0.92% gain in DIAMOND CREEK based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on DIAMOND CREEK, 3089 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 16.7%.
Based on its average 5-year and quarterly capital gains DIAMOND CREEK, 3089 saw average growth in the long term.
DIAMOND CREEK, 3089 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $601,000.
Profits due to an upward trend in home prices in DIAMOND CREEK, 3089 averaged 8.84% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $370 based on current median home prices for the suburb.
The gross rental yield in DIAMOND CREEK, 3089 is 3.2%.
An average of 1.25 real estate transactions take place per month in DIAMOND CREEK which translates to 15 per annum.
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